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On April 14, 1994, Bill Shaw, retired policeman, offered to sell Thurgood his 1965 Mustang convertible for $1,000. Thurgood responded, “That’s a ridiculous price for thirty year old car – forget it!” Later, Thurgood told friend regarding the offer, and the friend tells him the car is worth at least $3,500. Thurgood straight away telephones Shaw and says, “I’ve reconsidered and I admit your offer.” Shaw says, “Forget it. The price is now $3,500.” If Thurgood sues Shaw for breach of contract, will he be successful?

Business Management, Management Studies

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